SG Americas Securities LLC grew its holdings in Seritage Growth Properties (NYSE:SRG) by 238.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,428 shares of the financial services provider’s stock after purchasing an additional 6,645 shares during the quarter. SG Americas Securities LLC’s holdings in Seritage Growth Properties were worth $434,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CIBC World Markets Inc. bought a new position in Seritage Growth Properties in the second quarter valued at approximately $326,000. Blair William & Co. IL bought a new position in Seritage Growth Properties in the second quarter valued at approximately $346,000. Citigroup Inc. lifted its stake in Seritage Growth Properties by 66.8% in the second quarter. Citigroup Inc. now owns 10,736 shares of the financial services provider’s stock valued at $450,000 after buying an additional 4,300 shares in the last quarter. First Trust Advisors LP lifted its stake in Seritage Growth Properties by 32.8% in the second quarter. First Trust Advisors LP now owns 10,950 shares of the financial services provider’s stock valued at $459,000 after buying an additional 2,704 shares in the last quarter. Finally, Alpha Windward LLC bought a new position in Seritage Growth Properties in the third quarter valued at approximately $459,000. 78.00% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on SRG shares. Zacks Investment Research lowered shares of Seritage Growth Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 23rd. Boenning Scattergood set a $38.00 price target on shares of Seritage Growth Properties and gave the company a “sell” rating in a research note on Tuesday, November 21st.

In related news, major shareholder Bruce R. Berkowitz sold 120,900 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $40.18, for a total transaction of $4,857,762.00. Following the transaction, the insider now directly owns 583,498 shares in the company, valued at $23,444,949.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Salle Benoit La bought 23,400 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average price of $1.60 per share, for a total transaction of $37,440.00. Over the last quarter, insiders bought 110,750 shares of company stock worth $187,062 and sold 333,500 shares worth $13,447,193. 9.78% of the stock is owned by company insiders.

Seritage Growth Properties (NYSE SRG) traded up $0.45 during midday trading on Thursday, hitting $40.75. 345,300 shares of the stock were exchanged, compared to its average volume of 335,450. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.96. Seritage Growth Properties has a 12 month low of $38.49 and a 12 month high of $50.00. The firm has a market capitalization of $1,426.06, a P/E ratio of 22.39 and a beta of 1.03.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. Seritage Growth Properties’s dividend payout ratio (DPR) is presently -71.94%.

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Seritage Growth Properties Company Profile

Seritage Growth Properties (Seritage) is a self-administered and self-managed real estate investment trust. The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. Its assets are held by and its operations are primarily conducted through, directly or indirectly, Seritage Growth Properties, L.P.

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Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

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